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Worst-case Performance of a Power-of-two Policy for the Quantity Discount Model

 

作者: LuLu,   QiuYuping,  

 

期刊: Journal of the Operational Research Society  （Taylor Available online 1994）
卷期: Volume 45, issue 10  

页码: 1206-1210

 

ISSN:0160-5682

 

年代: 1994

 

DOI:10.1057/jors.1994.190

 

出版商: Taylor&Francis

 

关键词: Quantity Discount;Inventory

 

数据来源: Taylor

 

摘要:

AbstractThis paper derives the worst-case performance of a power-of-two policy in an all-unit quantity discount model with one price break point, which extends the sensitivity analysis for the classical EOQ model. We show that the worst-case performance will depend on the discount rateα, and is within 7.66% of optimality whenα<7.51%, and approximately within 100α% of optimality whenα⩾7.51%.

 

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